SICO’s net profit increases by 110% to BD 6.85 million for the first nine months of 2014

Manama, Bahrain – 12 November 2014: Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today its financial results for the third quarter of 2014 and for the first nine months of the year.

Net profit for the nine months ended 30 September 2014 increased by 110% to BD 6.85 million, compared with BD 3.26 million for the corresponding period in 2013; while operating income grew by 64% to BD 11.73 million from BD 7.15 million for the first nine months of the previous year. Basic earnings per share rose by 107.6% to Bahraini fils15.84 from 7.63 fils for the similar period last year.